Posted on 12/31/2016 12:23:49 PM PST by TaxPayer2000
Retailers are bracing for a fresh wave of store closures at the start of the new year.
The industry is heading into 2017 with a glut of store space as shopping continues to shift online and foot traffic to malls declines, according to analysts ~SNIP~
Nearly every major department store, including Macy's, Kohl's, Walmart, and Sears, have collectively closed hundreds of stores over the last couple years to try and stem losses from unprofitable stores and the rise of ecommerce.
But the closures are far from over.
Macy's has already said that it's planning to close 100 stores, or about 15% of its fleet, in 2017. Sears is shuttering at least 30 Sears and Kmart stores by April, and additional closures are expected to be announced soon. CVS also said this month that it's planning to shut down 70 locations.
Mall stores like Aeropostale, which filed for bankruptcy in May, American Eagle, Chicos, Finish Line, Men's Wearhouse, and The Children's Place are also in the midst of multi-year plans to close stores.
~SNIP~
(Excerpt) Read more at businessinsider.com ...
“so why are Burger Kings closing?”
I haven’t eaten at a Burger King since they came out with gayburgers, wrapping their product in “rainbow” wrapping and promoting their delight in perversion to teens (shown on their commercials being delighted the BK was promoting out homosexuality)
Home Depot used to hire knowledgeable former tradesmen who had retired from or for other reasons left their professions. About ten years ago HD started cutting costs by replacing those guys with people who know less than I do about items in their departments. About the same time I noticed the same thing happening among service writers at car dealerships. Except for recall repairs, we haven’t taken our cars to a dealership in six or eight years.
A few years ago I went into one of those stores to get a filter for my heating system. I can’t remember the size, it was either 16 x 20 or 20 x 25. I walked into the store with the old one in my hand and asked the young man where his air filters were located.
He said: “OMG - what kind of vehicle are you driving, a bus?”
Interesting, because they're fixing to build a new second CVS in our town, about 2 miles from the first one. There are two more in two adjacent towns, less than 5 miles from the new one.
The one in our town shrank itself, then a new store opened in the leftover space. I'm sure Staples is surviving on corporate contracts. Our company buys most things from them including office products and bags of coffee for the coffeemaker in the kitchenettes of each Department.
Sounds planned doesn’t it? I am skeptical of trumps trillion in stimulus, his winners and losers like carrier, sprint.. ad nauseum taxpayer spending. But I have to say.. he is really being set up by the fed, and maybe these folks.
I buy my shirts at Landsend as they have shirts that are thicker and are not see thru like Kohl’s and others that fall apart.
I recently bought Levi’s 505 stonewash jeans at Amaazon when Sears did not have enough in stock for my size 38x30.
Arrived 2 days later. Once I find a online store with clothes I like I will buy online rather then go to a mall.
I buy a lot of stuff from Amazon every year.
#41 This happened to the Brookdale mall in Brooklyn Park, Minnesota just outside of Minneapolis. I use to go there as a kid and when I saw it about 10 years ago it was rundown and had the look of a flea market. The mall was later torn down and a new one built with WalMart as an anchor store.
The local paper ran an article explaining how teenagers would arrive by bus and fights would break out and robberies. Many comments from people saying why they stayed away due to the crime.
Whoever invents a simple, reliable way to virtually try on clothes will become an instant billionaire and will put the final nail in retail’s coffin.
“Eaten by Amazon. Stores with relatively undistinguished wares and store presence can’t stand up to web-based competition featuring substantially identical items.”
I got tired of going to a brick-and-mortar store only to find that they didn’t have jack that I needed. I can almost always find anything online, usually on Amazon.
#189 You can upload a photo of yourself to the store and try on clothes. Of course for the best fit you would upload a photo of yourself in your skivvies.... : )
To be used in their and other advertising campaigns all over the internet : )
The only real obama legacy - an economy in the crapper.
It's been tried many times, but it never really works - especially for women's clothes. No two bodies are exactly alike, and off-the-shelf items - no matter how customized through picking a set of canned options - are not going to work the same way for more than one person.
Plus, women love the "playing dress-up" aspect of shopping in a boutique store. Big stores offering bland, cheaply made, generic-looking apparel (Sears, Kohl's, Target, etc.) might be in danger from such a web site - especially if located in malls where "yoofs" like to gather. But smaller specialty stores run by actual experts and offering real customer service in fitting and fashion consulting will not be hurt.
We must conserve those precious fluids!
Either a genuine socialist revolution attempt that kicks peoples a$$es hard enough to not ignore the 50% of Americans who’re going to be left without any legitimate means of income, or we just become part of the permanent underclass.
Myself I’m hoping that euthanasia gets legalized sometime soon so at least the permapoor have a way out.
In a round about way I agree with you. We may have become too efficient for the good of the underclass. Too many unskilled chasing too few jobs that don’t even pay a modest living wage.
There are those who want to work but what is the point if it results in working poverty when the “responsible” better option for the family is welfare so long as it is available?
I’m watching a young man who had a very good job that ended slowly melting down to nothing. All he can find are jobs that might allow him to earn maybe $20K a year. A family can’t possibly make it on that. They can hardly make it on twice that.
There is also a factor of self-imposed responsibility to not procreate where there is no means of support. There have to be consequences for irresponsible actions even when those actions involve otherwise innocent children. When does the bedraggled family of six dragging into Walmart with four filthy pitiful little snot nosed kids and one in the oven become a matter of trampling on my rights and the well being of my family who I am doing my best to support well while having a third to half of my labor confiscated to support these irresponsible and unwilling or unable to produce and provide people?
If 50% of the indians on the continent did not hunt or gather there would have been half as many to subdue and rob of their land. The crew of spaceship earth that does work can’t do the work of two or more either.
The progeny of such a gene pool are very unlikely to ever be very capable of self-support. This cycle of ever expanding non-skilled, non-working dependents has to be broken. An otherwise prosperous society will not be prosperous long if the half that does not work expands exponentially to the detrement of the shrinking percentage that do work and produce for the benefit of themselves and others.
Pay or pay with subsidy must increase for menial jobs. Something to the good of the whole must be produced by everyone who benefits from the whole. Something for absolutely nothing must end. They cycle of exponentially expanding dependends who do nothing must end for the good of all but how?
The other side of the coin is that wealth concentrated in the hands of so few is not sustainable either. This is not to say from each according to his means and to each according to his needs but really? How much more lavishly or well can one live with a billion dollars vs 50 billion dollars? I suggest that it is not a factor of having worked too much and accumulated too much but having profited from the work of others more than necessary or even reasonable. Greed has no natural boundaries.
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